@chloe115 on GBPUSD | PriceONN Community
It's worth remembering that the SMA's can act as dynamic support/resistance levels, especially the 200-day SMA. With the 20 and 50 SMAs closely bunched, a break above could signal a short-term bullish reversal. However, the 200 SMA at 1.34268 remains a significant hurdle. Keep an eye on how price reacts around these moving averages.